Energy Reports: Chesapeake Energy Corporation (CHK) & Utica’s Potential, Exxon Mobil Corporation (XOM) Settles Violations

Editor’s Note: Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM)

Exxon agrees to $2.4M Louisiana settlement; wants Arkansas suit dismissed (Houston Business Journal)
Irving-based Exxon Mobil Corp. has agreed to pay $2.4 million in fines, improvements and other payments to settle violations at Baton Rouge, La.-area plants. The settlement is with the Louisiana Department of Environmental Quality. Roughly $2.3 million will resolve violations from 2008 to this year at four plants, including Exxon Mobil Corporation (NYSE:XOM)’s Baton Rouge refinery. The agency said that $61,912 is for the release of naptha in June 2012 at the Baton Rouge Complex. In Arkansas, Exxon has asked a judge to dismiss a federal lawsuit over the pipeline spill in Mayflower that spilled thousands of gallons of crude oil into a neighborhood.

Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy and its former CEO suggest huge Utica potential (Part 2) (Market Realist)
The Utica Shale is an emerging play located primarily in eastern Ohio and western Pennsylvania. The play gained publicity in late 2011, as Chesapeake Energy Corporation (NYSE:CHK) revealed that it had been purchasing acreage rights in the area. Aubrey McClendon was the former CEO of Chesapeake, but he recently left the company because investors were unhappy with his management. Since his departure, the former CHK head has lined up ~$1.2 billion in financing for investment in Ohio, according to an article in the Wall Street Journal. McClendon now heads a new company, American Energy Partners, which has acquired Ohio assets from EnerVest Ltd. and affiliate EV Energy Partners LP (EVEP) as well as Royal Dutch Shell (RDS.B).

Exxon officials: Unclear why pipeline ruptured despite passing 2010 inspection (Arkansas News)
Exxon Mobil Corporation (NYSE:XOM) officials on Monday defended the safety of pipelines as a means of transporting oil and said it is too soon to say why a pipeline that had passed inspections as recently as 2010 ruptured in Mayflower earlier this year. “If you look at our country, we have a large infrastructure of pipelines and we enjoy a standard of living and affordable energy as a population in America,” ExxonMobil Pipeline Co. Vice President Karen Tyrone said in an informal meeting with reporters at the state Capitol.

Interesting January 2015 Stock Options for CHK (Forbes)
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Chesapeake Energy Corporation (NYSE:CHK). So this week we highlight one interesting put contract, and one interesting call contract, from the January 2015 expiration for CHK.The put contract our YieldBoost algorithm identified as particularly interesting, is at the $13 strike, which has a bid at the time of this writing of 45 cents. Collecting that bid as the premium represents a 3.5% return against the $13 commitment, or a 2.5% annualized rate of return (at Stock Options Channel we call this the YieldBoost).

UPDATE: Armed Robbery at Charlotte Hall Exxon (Southern Maryland News Net)
On August 25, 2013 at 2:27am, police units responded to the Charlotte Hall Exxon Mobil Corporation (NYSE:XOM) for the report of an armed robbery. Upon arrival deputies determined two subjects, one armed with an unknown type of handgun, demanded money from the clerk. The clerk complied and the suspects fled the business on foot with an undetermined amount of proceeds from the business. Sheriff’s Office K-9 units responded and conducted a track of the suspects. The track was subsequently lost in the area of the Arby’s Restaurant.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!